Interest sensitive life insurance can provide tremendous value. Here, we’ll talk about growth potential, customization and key considerations.
Interest sensitive life insurance can provide tremendous value for policyholders.
Group terms life insurance is a common coverage option for employees — but what are its pros and cons for everyone involved?
Group terms life insurance is a common coverage option for employees — but what are its pros and cons for everyone involved?
Understand how the cash value of life insurance policies work, how to claim the cash value and the types of cash value life insurance available.
Understand how the cash value of life insurance policies work, how to claim the cash value and the types of cash value life insurance available.
The external marketplace and economic conditions that impact the price of insurance premiums are a constant concern. Here's everything you should know about insurance pricing.
Cupped hands holding a paper cut-out in the shape of a family
New technology and strategies that rely on digital components are quickly becoming essential for insurance companies to remain competitive.
A person using digital insurance tools on a laptop.
When evaluating the risk, where does your insurance company stand with IUL policy offerings?
An elderly person browsing life insurance on a tablet.
Learn more about how convertible term life insurance fits into the marketplace.
Convertible life insurance is useful for many people.
Find out what indexed universal life insurance does for certain groups, who need it and this kind of policy's benefits.
Life insurance is valuable in many ways.
Life insurance is not only a valuable tool for ensuring security for those who are left after someone passes, it is also an incredible vehicle to provide an unique level of liquidity.
Liquidity in life insurance is useful in some situations.
Learn more about what risk transfer is and why it is an important management strategy for insurance companies.
Insurance companies take on risk regardless of how careful they are to mitigate it, which is why risk transfer is essential.
Here's everything you need to know when considering the pros and cons of selling a life insurance policy.
Life insurance is valuable in many ways.
Throughout the pandemic, the life insurance industry highlighted the fact that people were apparently becoming far more eager to buy coverage than they had been in recent years.
Liquidity in life insurance is useful in some situations.
Suffice it to say, there has been a lot of confusion about the rollout of the various vaccines to fight the novel coronavirus.
Life insurers quell concerns over COVID vaccine misinformation
In recent years, there has been a focus on the amount of life insurance millennials had, but it is becoming increasingly apparent that this might not have been the right generation to worry about.
Gen-Xers facing a life insurance coverage gap?
While there were a lot of ups and downs in 2020 to say the least, one industry that was able to establish a series of positives throughout that tumultuous year was life insurance.
Life insurance applications start 2021 on the right foot
There has been a growing push from the life insurance industry for people to work on their long-term financial planning, and it seems the novel coronavirus pandemic helped spur them to action action.
Are consumers diversifying their long-term financial planning?
It should come as little surprise these days that people are living longer than ever, for a variety of reasons. However, one thing that seemingly hasn't changed very much despite that widely known fact is people's approach to retirement planning.
Longevity and life insurance: Why it matters as people live longer
When you watch TV or do a web search for life insurance, you see the same message over and over again: "Get life insurance, no medical exam required!"
Life insurance without a medical exam can be a risky proposition - but do buyers know?
In recent years, people around the world have become more excited at the prospect of using DNA testing to learn about their heritage, and send samples to various companies to get that information.
Can life insurers tap genetic testing results in decision-making?
Over the course of 2020, there were plenty of headlines about how consumers were flocking to buy life insurance and otherwise shore up both their short- and long-term financial situations.
Life insurance ownership at lowest point in 10 years?
There are a lot of negative consequences of the novel coronavirus pandemic, but for many people around the world, the risks related to diabetes may be among the most undersold.
COVID, diabetes and the impact on life insurance
One of the biggest trends seen among consumers as they adjusted to their "new normal" during the novel coronavirus pandemic was that they largely became far more interested in buying life insurance.
Life insurance ownership at lowest point in 10 years?
One of the biggest issues the life insurance sector seemingly always grapples with is people not having enough coverage to meet their long-term financial needs, and often not knowing how big the problem is.
Consumers know all about their life insurance shortfalls
Over the past several years, there has been a trend at the state level of voters taking up the question of marijuana legalization during major elections.
As states again weigh marijuana legalization, what's the impact on life insurance?
Across the U.S., large numbers of Americans have life insurance benefits in their names but simply do not know it.
Convertible life insurance is useful for many people.
One of the big issues that came up time and again as the life insurance industry examined its wellbeing amid years of economic growth is why millennials weren't as fervent about buying coverage.
Do millennials still go without life insurance?
The economic downturn that accompanied the current global pandemic has put millions in dire financial straits, but it seems to have also piqued consumers' interest in life insurance.
Experts bullish on 2021 life insurance market
There has been a lot of attention paid to the tens of millions of job losses suffered in recent months, and what those changes have meant for workers' ability to find affordable health insurance.
Life insurance among benefits lost in unemployment
The novel coronavirus outbreak brought with it a stunning economic downturn that resulted in tens of millions losing their jobs and facing dire financial situations.
Can life insurance bounce back in a downturn?
The past several months have been trying for hundreds of millions of Americans in one way or another, and these types of trials and tribulations tend to help people put things in a new perspective.
Polls: COVID-19 highlights importance of life insurance
For as long as there has been life insurance, companies issuing life policies have sought to obtain as many policyholders as they possibly can.
Interest rates making life insurers concerned?
It goes without saying that any sizable economic downturn is going to have a negative impact on business for many life insurers, and that's especially true because of the current rate environment.
Some see reasons coronavirus will be hiccup for life insurers
Many people think that life insurance is a great way to insulate yourself and your loved ones from risk when you have significant long-term financial obligations - and they're right.
What should current and soon-to-be retirees know about life insurance?
Over the past decade-plus the Federal Reserve Board has continually held interest rates lower than all-time averages.
Low interest rates affecting insurance sector
One of the biggest problems in the life insurance industry - for both underwriters and consumers - is that in many cases, people do not know much, or anything, about benefits to which they are entitled after a policyholder passes away.
Survey: Many unprepared for life insurance benefits
Small-business owners need life insurance more than they think
In recent years, the national opioid crisis has grabbed a lot of headlines - and rightly so.
More states making progress on life insurance regulations for naloxone
Every day, more millennials are reaching the age and financial stability needed to make some serious long-term life commitments.
Are millennials less savvy about long-term finances?
Most polls on the subject show that the average person knows they need more life insurance than they have, but any number of factors constrain them from obtaining it.
Women have significant need for life insurance
One salient truth about the life insurance sector that is often proven both anecdotally and through actual surveys is that consumers don't often understand the ins and outs of coverage.
Liquidity in life insurance is useful in some situations.
One of the biggest issues in the life insurance sector - cited time and again by insiders - is that there simply aren't enough people who have the kind of life insurance coverage they need.
Do insurers do enough to make sure people have life coverage?
In recent years, the life insurance industry languished under the weight of a still-recovering economy that saw many Americans prioritize other aspects of their financial health over the sector's valuable offerings.
Life insurance is valuable in many ways.
It's widely acknowledged that Americans don't know enough about their life insurance needs and therefore don't take action when it comes to shopping for and obtaining coverage.
Majority of workers interested in employer-provided group life insurance
Across the U.S., the life insurance industry has been through some ups and downs in the last several years.
Individual life sales flattened in Q2
In the past several years, there has been an increase in the number of life insurance policies acquired by third parties unrelated to the people the policies cover.
Convertible life insurance is useful for many people.
One of the biggest challenges for the life insurance industry as a whole is the gap between how such coverage is perceived among the American public and what they actually do to obtain it.
Life insurance is valuable in many ways.
The ways in which the life insurance industry as a whole has changed in the last several years is significant, in part because of a crackdown by regulators on a number of previously normal aspects of the business.
Life insurance regulators still adapting to new realities
Whether they realize it or not, almost every adult probably needs at least some life insurance.
Which groups need life insurance most?
The new year is nearly here and the life insurance industry is changing along with just about every sector.
How will life insurance change in 2019?
Life insurance is all about risk assessment and underwriters have grown quite good at it over the course of the last several decades.
Life insurance denied for naloxone carriers?
Since the end of the recession, the ways in which life insurers have had to interface with consumers to ensure they are engaged has changed a great deal.
Life insurance ownership at lowest point in 10 years?
Life insurance companies are fully aware that there's often a sizable disparity between the amount of life insurance people need and the amount they actually have in their names.
Life insurance applications start 2021 on the right foot
A large portion of Americans have life insurance, but unfortunately they may not have as much as they need - or think.
People value group life insurance, but may not get enough
September is Life Insurance Awareness Month and it gives the entire industry a good excuse to revisit their plans for consumer outreach, as a means of determining what already works and what might need a little bit of tweaking.
Enticing consumers beyond Life Insurance Awareness Month
The percentage of the U.S. population that has life insurance is starting to grow again, but perhaps not as quickly as those in the industry would like.
The characteristics of people who buy life insurance
The life insurance industry has changed a lot in the past several years as consumer attitudes about such coverage shifts and providers alter their efforts to effectively market their products.
Tech continues to reshape life insurance
Life as a single parent isn't always easy, and one of the issues that can continually crop up over the course of the year is financial burden.
Life insurance needs for single parents
While many people may not fully understand the ways in which the right life insurance policy can benefit them, the general consensus among most consumers is that life insurance does provide plenty of financial protection.
Life insurance ownership at lowest point in 10 years?
Many Americans have likely considered the benefits of obtaining a life insurance policy that can protect their loved ones financially for years to come.
What affects life insurance costs and eligibility?
Millions of Americans have at least weighed their options when it comes to life insurance, and many go on to actually buy the coverage they need.
No 'one size fits all' for life insurance options
The life insurance industry has, over the past several years, endeavored to do more to appeal to younger adults and simultaneously take advantage of emerging technology.
Health insurance companies can use predictive modeling to stay competitive in the marketplace.
The life insurance industry has enjoyed some slow but steady gains over the past few years, as the economy has continued to improve and more consumers have aged into life circumstances that are often seen as requiring additional life insurance coverage.
Life insurance on the rise?
The common refrain in the life insurance industry over the past few years has been that it's vital for companies to do more to connect with young adults.
Tech continues to reshape life insurance
One of the big imperatives in the life insurance industry over the past several years has been re-growing the base of policyholders, with a particular focus on getting young adults to understand the value life coverage provides.
Life insurance ownership at lowest point in 10 years?
Across the U.S., the way consumers want to engage with life insurance companies on an ongoing basis has changed a lot over the years, and that's a trend that's likely to continue for some time to come.
Experts bullish on 2021 life insurance market
The life insurance industry has seen its share of ups and downs in recent months but is mostly trending in the right direction, and has been for some time.
Polls: COVID-19 highlights importance of life insurance
There are many ways the life insurance industry can employ technology to connect with consumers and companies are finally embracing these technologies to make new connections with them
Majority of workers interested in employer-provided group life insurance
Over the past several years, one of the biggest issues life insurance providers have encountered as they tried to grow their base of policyholders is that many people are reluctant to buy coverage simply because they don't understand it.
Poll shows more life insurance education may be needed
While there has been considerable concern about the future of the U.S. economy for working-class Americans under the new tax bill, there has not been a significant disruption of life insurance sales to this point.
Liquidity in life insurance is useful in some situations.
Over the past few years, a number of states have stepped up their efforts to track down unpaid life insurance benefits and get those funds into the hands of intended recipients.
Tech continues to reshape life insurance
Over the past few years, life insurance enrollment has ticked up slowly but surely, and the industry as a whole reached a curious and notable milestone.
Life insurance is valuable in many ways.
Over the past few years, many young adults have entered the life insurance market in search of coverage to protect their long-term financial standings.
Many consumers need help finding the right life insurance
For nearly a decade now, the ways in which people buy life insurance has been changing dramatically.
Life insurance ownership at lowest point in 10 years?
Time and again, polls from within the life insurance industry highlight a real disconnect between the value the coverage they offer provides, and what people think about it.
Life insurance is valuable in many ways.
Many Americans can benefit from life insurance coverage in a number of ways, but may not think it's the right choice for them based on their specific financial situations.
September is Life Insurance Awareness Month
In the past few years, many states across the country have moved to bring more agency to people who think they may have life insurance benefits due to them, but don't know much about the details.
How will life insurance change in 2019?
Polls routinely show that people understand the value life insurance can provide for them and their loved ones on a long-term basis.
Consumers should seek out life insurance that works for them
The life insurance business is always changing, but there have long been industry norms to which just about everyone involved - from insurers to policyholders - has conformed for years.
How will life insurance change in 2019?
Polls have shown that the majority of Americans understand the value life insurance can provide them and their loves ones on a long-term basis.
Tech continues to reshape life insurance
In recent years a lot of focus in the life insurance industry as a whole has been placed on getting more people into the life insurance ecosystem who did not have coverage before.
Experts bullish on 2021 life insurance market
While most adults tend to understand the benefits life insurance can provide for them and their loved ones, young adults in particular tend to lag behind when it comes to actually buying such coverage.
Do millennials have the health insurance they need?
One of the big issues many Americans may face when they deal with their life insurance is that they may not know exactly what they need at any given time.
Experts bullish on 2021 life insurance market
The good news for both consumers and the life insurance industry simultaneously is that more people are buying coverage these days thanks to an improving economy.
Life insurance needs are continually evolving
Over the past few years, the number of Americans who could afford to buy life insurance and were motivated to do so has increased dramatically.
Life insurance sector continues to make progress
Financial stress is a fact of life for millions of Americans, but experts also say these individuals might not be doing all in their power to make sure they're adequately protected.
Life insurance lacking for millennials, single parents
One of the big topics in the life insurance industry over the past several years has been increased efforts on the part of government agencies to help beneficiaries find unclaimed benefits in their names after insureds pass away.
Experts stress importance of disclosing life insurance details
Plenty of data collected over the past several years shows that consumers by and large don't have as much life insurance as they probably should, even as interest in obtaining such coverage continues to grow.
Gap between life insurance need and understanding provides opportunity
One of the big issues that many consumers bring up when they talk about why they don't have life insurance, or perhaps don't have as much as they need, is the cost.
Life insurance could soon become more affordable
Over the past few years, many states across the country have focused regulatory efforts on helping residents obtain life insurance benefits they may not have known about.
Majority of workers interested in employer-provided group life insurance
Even after the recession, many in the life insurance sector were concerned about the trends that left many Americans without coverage and little in the way of prospects for buying it any time soon.
Life insurance industry keeps moving in the right direction
Over the past few years, a number of states across the country have moved to legalize or reduce the criminal penalties for marijuana use and possession, and that trend is likely to continue for some time to come.
Life insurers continue examining policies around marijuana use
Over the past few years, the life insurance industry has observed the undeniable trend of consumers increasing their investments in life insurance policies, thanks in large part to the improving economy.
Life insurance ownership at lowest point in 10 years?
Over the past few years, the life insurance industry has made a significant comeback in terms of people signing up for coverage.
Life premiums keep on rising
The number of people who obtained life insurance - often for the first time - has risen slowly but surely over the several years since the end of the recession.
Experts stress importance of disclosing life insurance details
The financial services company AEQUALIS recently announced on World AIDS Day that it will now offer life insurance plans for HIV-positive individuals.
Despite health insurance landscape uncertainty, consumers must prepare
Over the past few years, the life insurance industry as a whole has made a solid comeback thanks to consumers recognizing the importance of having such coverage, and also once again having the financial wherewithal to pay for it.
Can life insurers do more to reach the LGBT community?
Over the past year or so, a number of state insurance regulators have turned their attentions to the ways in which people are able to find unclaimed life insurance benefits from a deceased relative.
Tech continues to reshape life insurance
Polls show that many Americans know all too well that life insurance is an important part of sound financial planning. However, that may not be enough motivation for many people, especially younger Americans, to actually sign up for coverage.
Tech continues to reshape life insurance
Over the past several years since the end of the recession, many life insurance companies have worked hard to rebuild their standing, and now those efforts seem to be paying off.
More life insurers trying to improve communication with policyholders
A lot of the focus in the life insurance industry over the past few years has been on getting young adults into the fold. But at the same time, some of the industry's most loyal long-term customers may have similar needs.
Older workers should review their life insurance needs, too
One of the biggest challenges for the life insurance industry in recent years has been recovering from the recession and convincing the youngest generation of adults just how important their coverage is.
Majority of workers interested in employer-provided group life insurance
One of the biggest issues in the life insurance industry over the past few years, even as it recovered significantly from the recession, is that younger adults still aren't buying it en masse.
Young people still in life insurance gray area
For years after the end of the recession, perhaps the biggest concern in the life insurance industry overall was that young adults in particular were not buying this kind of coverage.
Millennials, others continue to come around on life insurance
Over the past few years, states across the country have undertaken efforts to more closely examine how life insurers distribute death benefits.
How will life insurance change in 2019?
Over the past several years - more or less since the economic crisis came to an end - industry experts have been concerned with the number of young adults who are going without life insurance.
Women have significant need for life insurance
In recent months, a number of states across the country have begun to take a hard look at the ways in which life insurance companies ensure beneficiaries of policies receive the money due to them.
Rhode Island the latest to crack down on unclaimed life benefits?
During and even after the recession, the life insurance industry took a bit of a hit as many consumers shifted their financial focus to the absolute necessities.
How will life insurance change in 2019?
Over the past few years, more work has been done on the part of many states across the country to look into how life insurance companies find beneficiaries of policies for deceased clients.
insurance policy
Across the U.S., a large and growing number of states are starting to legally normalize marijuana use in some form or another, whether that's approving it for medicinal use, decriminalizing it, or simply making it totally legal.
Life insurers, enrollees now facing cannabis questions
Millions of Americans see the benefit of life insurance these days, but it's not always easy for them to actually obtain it, for one reason or another.
Life insurance options opening up for the HIV-positive
Data over the last year-plus has repeatedly shown that the life insurance sector is getting back on track after some difficult years in the wake of the recession.
Life insurance on the rise?
Veterans with a history of post-traumatic stress disorder can face additional challenges in qualifying for life insurance.
Veterans could face difficulties getting life insurance
During and even for years after the recession, it was very difficult to get people to buy life insurance.
Millennials turning around on life insurance as they age
Polls show that while a lot of Americans don't have life insurance, most understand that it has a significant value.
Life insurance is valuable in many ways.
Genetic testing may prove beneficial for the future health of some consumers, but unresolved issues with respect to genetic testing may prove a risk either to those consumers in applying for life insurance or to life insurers in underwriting the mortality risk of life insurance applicants.
Genetic testing could create complications in the life insurance industry
It's only been in the last year or two that the life insurance market started to bounce back after a serious rough patch during and after the economic downturn.
What do people search for when they search for life insurance?
In years past, an HIV diagnosis was seen as a death sentence, and it immediately made life far more difficult for HIV-positive Americans in many ways.
How will life insurance change in 2019?
One of the big issues in the life insurance industry as a whole over the last several years has been that consumers generally don't have the firmest understanding of how such coverage works, what it should cost, and the like.
Individual life sales flattened in Q2
The life insurance industry has been having some difficulties with investment returns due to the low interest environment for quite a while now, shrinking the profitability present on existing insurance policies.
Life insurance ownership at lowest point in 10 years?
Over the last few years, millions of Americans have highlighted a disconnect between consumers' ideals of valuing life insurance overall, and actually having it.
Individual life sales flattened in Q2
Over the last several years, one of the big items on the wish list of most people in the life insurance industry was a major buy-in from members of the youngest group of adults.
Millennials still coming into their own with life insurance
Over the last few years, many Americans have finally started to return to the life insurance sector after leaving following the wake of the recession.
More consumers opting for life insurance with long-term care options
In recent years, a number of states have moved to address the often widespread issue of life insurance benefits not being claimed by their intended recipients.
Kentucky considering new bill for life insurance rules
In the past year or so, consumers finally started to reverse the long-standing trend of people eschewing life insurance in the wake of the recession.
Experts bullish on 2021 life insurance market
The State of California implemented four new insurance regulations effective January 1, 2016, and more are expected to be approved later this year, including PBR.
Several consumer protection and industry-strengthening laws are going into effect in California.
Over the last few years, life insurance companies have started to slowly but surely rebuild the enrollment numbers that took such a big hit during and even after the recession, but one group is still largely absent from the market.
Experts continue to stress importance of life insurance for millennials
Millions of Americans may be looking to buy life insurance for perfectly understandable, traditional reasons.Â
Florida seeks ban on uncommon life insurance practice
Life insurance is something that a lot of Americans say they value when polled on the topic, but there seems to be a major disconnect between what they value and what they actually buy.
Some jobs lead to higher costs for life insurance
In recent years, many life insurance companies have been battling against a number of circumstances that made consumers a little hesitant to buy the (often necessary) coverage these firms offered.
Liquidity in life insurance is useful in some situations.
Life insurance ownership rates have hit their lowest point in recent years,
Can life insurance bounce back in a downturn?
In the past few years, a number of states have either decriminalized or legalized marijuana use for medicinal or recreational purposes.
Life insurers continue examining policies around marijuana use
In recent years, the obvious problem for the life insurance industry has been that people went away during the recession and never really came back en masse.
Highlighting why life insurance is so vital
These days, those in the life insurance industry are looking for many ways in which they can boost enrollment numbers, and many are particularly focused on young adults who may be starting families and building up significant financial wherewithal.
It's still hard to sell millennials on life insurance
Polls show that millions of Americans who value life insurance do not have it, and this is for a number of reasons.
Polls: COVID-19 highlights importance of life insurance
As young adults across the country begin to settle down and start families, they should consider buying a proper amount of life insurance to protect their families' futures.
Convertible life insurance is useful for many people.
A life insurer in Massachusetts has launched an online life insurance buying tool, allowing consumers to apply online and receive a decision within minutes on policies worth up to $1 million.
Life insurance ownership at lowest point in 10 years?
One of the big issues in the life insurance industry overall in the last several years is the fact that many people are wary of the investment that buying such a policy takes.Â
Why should young adults buy life insurance as early as possible?
It should come as no surprise to those in the life insurance industry that consumers generally don't know what they need from life insurance.
Consumers need more education about life insurance options
In the past few years, the life insurance industry has faced many regulatory hurdles for different reasons, all of which were ostensibly aimed at protecting consumers but might not have had the intended effects.
Pennsylvania passes life insurance law that could help industry
While millions of Americans have life insurance, millions more do not.
Can life insurance bounce back in a downturn?
Life insurance was a lot easier to sell in the boom times of the mid- to late 1980s, and even into the '90s, than it is today.Â
Life insurance on the rise?
The coverage gap is something that has been talked about in the life insurance industry for some time now, and while progress is being made in many areas here, most experts concede that it's probably slower than anyone in the field would like.Â
Individual life sales flattened in Q2
Time and again, studies have shown that one of the biggest issues when it comes to people actually getting the life insurance they may need is misconceptions.
Convertible life insurance is useful for many people.
Universal life policy owners should pay particular attention to the progress of their universal life policy funding to meet their planning objectives without incurring excessive costs.
Some seniors struggling with universal life insurance costs
Many Americans have life insurance simply because it is among the benefits offered to them by their employers.
Liquidity in life insurance is useful in some situations.
In recent years, state regulators of the life insurance industry have been more aggressive in seeking out and finding unclaimed benefits that should be extended to state residents. Insurers must likewise increase their vigilance in checking for unreported deaths.
Life settlements could help consumers going forward
For years, the focus for many in federal and state government agencies has been on trying to put more restraints on the life insurance industry.
Nebraska changes law to make life insurance access easier
Over the last few years, life insurers have been caught in a bit of a no man's land between marketing to older clients on whom they have long relied to keep the industry strong, and also trying to appeal to younger Americans who may not yet consider this type of coverage to be vital to their ongoing financial success.
Veterans could face difficulties getting life insurance
Life Insurance Awareness Month doesn't happen until September every year, but at this point many in the field are already preparing for the full-court press they will put on to get the word out about the importance of coverage.
Pennsylvania passes life insurance law that could help industry
While there has been a lot of talk in the last few years about the ways in which insurers could boost the number of people who are signed up for life insurance or annuities to prepare for the future, many Americans already have such policies and can increase their value to them by periodic reviews.
Life settlements could help consumers going forward
Over the last few years, a lot of commentary in the life insurance industry has been focused on the ways in which companies or agents can better connect with the youngest set of adults to buoy their bottom lines.
Consumer life insurance preferences vary by age
The life insurance industry has been worried for some time now about adoption rates for coverage among the youngest group of adults.Â
Liquidity in life insurance is useful in some situations.
As millennials age into their early and mid 30s and begin to grow their families, they're going to need life insurance to protect their loved ones should something ever happen to them.
More young adults having kids means more need for life insurance
For many years now, being a smoker who wanted to get life insurance coverage has been a dicey proposition.Â
Do life insurers need to rethink their approach to smokers?
In recent years, the life insurance market has changed dramatically, and many companies are now starting to focus a little more on attracting younger people while also trying to retain their older clientele.Â
Liquidity in life insurance is useful in some situations.
In recent years there has been a lot of focus on the ways in which life insurance companies may be able to do more to connect with people.
More life insurance companies incentivizing wellness
In recent years, there has been a greater push at the state level to help people find life insurance benefits that may be in their name but which they do not know about.
Oklahoma the latest state to tackle unclaimed life insurance benefits
In recent years, there has been a greater effort at the state level across the country to help identify unclaimed life insurance benefits and distribute them to consumers within their borders.Â
Life insurance benefits to be distributed in N.H.
Millions of Americans may currently have at least some misconceptions about their life insurance coverage, not the least of which is the belief that it can often be more expensive than it is in reality.Â
Can lifestyle choices impact life insurance costs?
The difficulties of the last few years have been apparent to many in the life insurance industry, and the focus within it has therefore been on how the sector as a whole can get back on track.
Liquidity in life insurance is useful in some situations.
Over the last several years, many experts in the life insurance industry have lamented the fact that, for the most part, millennials have stayed out of buying this kind of coverage for various reasons.
Millennials may soon adopt investment products like life insurance
A potential sign that the life insurance industry might finally be coming out of the issues that have plagued it more or less since the start of the recession recently made headlines.
Life insurers bringing more workers aboard these days
In the last few years, a lot of concern in the life insurance industry has revolved around how companies issuing such policies can better connect with the millions of young adults in Generations X and Y.
Life insurance applications start 2021 on the right foot
Those in the life insurance industry are likely to be acutely aware of lines of business that may have struggled in the last several years, as well as many of the reasons why.
Study shows life companies might need to improve sales pitches
Over the past several years, the life insurance industry has taken a bit of a hit in terms of the number of people who are even interested in signing up for such policies.Â
Who needs to buy life insurance?
Life insurance policies have long been popular among older generations - far more so than the younger adults today - and for this reason coverage providers have long relied upon these groups to keep their bottom lines in the best shape possible.Â
Many seniors still see life insurance policies lapse
The life insurance industry has been struggling to generate new policies in the last several years thanks to the massive economic downturn of nearly a decade ago, the slow recovery and overall changing financial habits among many Americans.
Liquidity in life insurance is useful in some situations.
Every year, millions of Americans pass away and many of those people have life insurance policies in their names.
Louisiana focusing on unclaimed life insurance
Currently, tens of thousands of baby boomers are reaching their official retirement age every day, and that's going to continue for many years to come.
Convertible life insurance is useful for many people.
Many potential consumers put off purchasing life insurance due to concerns about the cost of the insurance or concerns about the products being too complicated or the response time for approval being too long.Â
Consumer life insurance preferences vary by age
There have been a number of ways in which the life insurance industry has improved over the past year or two, as more consumers start to look into obtaining this type of coverage once again.
Life settlements could help consumers going forward
These days, the life insurance industry seems to be constantly in search of ways to boost client rolls, but haven't really been able to find a significant foothold even as the broader economy continues to improve.
How do consumers look for life insurance, other coverage?
It's no secret in the life insurance that the last few years haven't been particularly robust in terms of bringing in new clients, but firms in that field are certainly focusing more on that issue in particular these days.
Liquidity in life insurance is useful in some situations.
The life insurance industry has seen a variety of new regulations over the past several years, and several new ones are in the process of being adopted over the next few years.
Liquidity in life insurance is useful in some situations.
One of the biggest hurdles life insurance issuers have had to overcome in the past few years - and which they've only achieved to varying degrees - is the fact that people simply aren't eager to buy such coverage these days, for any number of reasons.
Convertible life insurance is useful for many people.
Over the past several years, life insurance companies have learned the hard way that many consumers think they simply cannot afford such coverage, even as the economy continues to improve.
Life insurance applications start 2021 on the right foot
With the economy improving since the recent recession, it is important for insurance companies to look toward areas of potential growth. The middle class has always been a group that insurance companies targeted to gain new customers, but it seems as if the current uninsured or underinsured middle class offers further potential for growth based on a study recently completed by LIMRA.
Convertible life insurance is useful for many people.
These days, competition for high-quality employees has increased significantly in many fields. As a consequence more employers are seeking to boost their edge over their rivals by increasing the benefits offerings extended to both incoming and existing employees.
Life insurance remains a big draw for employers' benefits
The life insurance and annuities sectors haven't had the easiest go of things in the time since the economic downturn began, but it seems that the latter took a fairly significant step forward in the second quarter of the year.
How do consumers look for life insurance, other coverage?
The last year or two has been relatively good to the life insurance industry overall.
Life insurance industry continues to see better returns
One of the biggest challenges for life insurance issuers over the past few years has been the fact that young people who might, in past generations, have been primed to buy coverage are simply not doing so these days.
How Can Life Insurers Reach That Elusive Millennial Audience?
In the past few years, a new type of "smoking" has become all the rage among many people who used to go through a pack a day, and the attitudes of the life insurance industry are quickly changing as a result.
Life insurance companies have changing attitudes toward e-cigarettes
These days, the world seems to be changing more rapidly than ever before, and the new facts of life that these shifting realities bring are something to which everyone must react in some way.
Which Global Changes Will Most Impact the Life Insurance Industry?
Over the past several years, life insurance issuers have likely learned the hard way that the recovery hasn't been uniform, and many companies may have continued to struggle despite broader economic improvement.
U.S. life insurance sector expected to rebound
One of the things that's most often cited by those in the life insurance industry as a potentially major impediment to future growth is heavy - and growing - oversight from regulators at both the state and federal levels.
Lawmakers Mulling Health Care Changes
Over the past several years, the life insurance industry has struggled to reach many consumers in the ways it used to, for a number of reasons.
Life settlements could help consumers going forward
For the past few years, since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, there has been a lot of uncertainty about the ways in which insurance companies had to conform to capital standards.
Life insurers get good news from U.S. Senate decision
One of the biggest life changes people generally go through which prompts them to buy life insurance coverage for the first time is when they are having a baby.
Important considerations for new parents buying life insurance
These days, millions of Americans may finally be returning to buying life insurance policies after years of not doing so caused by the financial downturn.
Many small business owners eschew life insurance?
Many life insurance companies have, in the time since the recession ended, tried to do a lot more to reach consumers who might be interested in buying their policies but had not been able to do so in years past.
Colorado may put life insurance on ACA exchange
The life insurance industry hasn't had the easiest time in attracting new customers over the last several years, thanks to the economic downturn and the resultant problems it caused for many consumers' personal bottom lines.
Liquidity in life insurance is useful in some situations.
Insurance has traditionally been regulated by the States, but through Dodd-Frank, increased federal regulation of life insurance companies is inevitable.
Life settlements could help consumers going forward
There may have been many reasons that life insurance companies have taken a bit of a hit in the last several years, both during and following the recession.
Fed to raise interest rates this year, could boost life insurers
In the past year or more, the life insurance industry has been able to recover - at least somewhat - from the blow it took during and following the recent recession, as more consumers have come back to carrying coverage after a few years of going without it.
Some seniors struggling with universal life insurance costs
The life insurance industry has been taking steps forward for some time now and as more people come back to buying this type of coverage after not being covered by it for a period of a few years.
Life insurance applications start 2021 on the right foot
These days, many life insurance issuers are acutely aware of the ways in which the industry is changing and that consumers are always on the lookout for more affordable coverage.
Life insurers could face competition from non-insurance companies
The Social Security Death Master File has been at the heart of a number of disputes within the life insurance industry over the last few years, and now that a law has been passed to overhaul the way in which this list is handled, it seems that there will finally be something done about these potential issues
Liquidity in life insurance is useful in some situations.
Across the country, many life insurance agencies have, in the past few years, seen a sizable uptick in the number of first-time clients they have coming aboard, in addition to previous policyholders who had to eschew coverage for a while as a result of financial difficulties.
Many parents still go without life insurance coverage
Life insurance companies generally rely on the Social Security Death Master File heavily, and on a daily basis, to conduct business, but now it seems that they might have more difficulty doing so in just a few weeks, as a result of a part of federal law of which most may not be aware.
Pennsylvania passes life insurance law that could help industry
When it comes to the life insurance market these days, it seems as though many people of all different demographics and backgrounds are buying in numbers not seen for several years.
Who needs life insurance the most?
The life insurance industry has gone through some significant ups and downs in the last several years as the effects of the recession took hold and prompted many Americans to shed their policies as a cost-cutting measure.
Are life insurers positioned for a positive 2014?
The Social Security Death Master File has been a source of some consternation within the life insurance industry for some time now as a result of issues stemming from the ways in which it is updated.
Life settlements could help consumers going forward
As many in the life insurance and annuities industry turn their attentions toward the coming year, it might be of particular interest to see how the latter type of offering will be affected by consumers' changing attitudes toward what they can afford to save for their futures.
Where will annuities go in the coming year?
The life insurance industry is finally beginning to pull itself out of the problems in which it was mired for a number of years following the onset of the national recession, but that doesn't mean that selling, even to interested consumers, is especially easy these days.
How can life insurers better market their products?
With 2014 rapidly closing in, it seems many experts are predicting that the life insurance industry could take steps forward over the coming 12 months, and the improvements could come in a number of ways.
Fed to raise interest rates this year, could boost life insurers
The improving economy is likely to continue to provide the life insurance industry with more chances for improvement over the course of 2014, as consumers continue to feel better about their individual financial standings and return to protecting themselves and their loved ones with this type of coverage.
How can life insurers increase business in the coming year?
Florida, along with other larges states like California and New York, is making sure that insurance companies are regularly searching for unclaimed death benefits.
Florida cracking down on life insurance companies
Life insurance companies are looking for new ways to increase business as a consequence of the decline in interest in such products resulting from the recession. As older Americans began to view these policies as being extraneous, rather than necessary, it might be time to turn the focus to the generation which will eventually replace them.
Are life insurers doing enough to reach Generation Y?
Regulatory efforts on the part of numerous agencies at both the state and federal levels in the last few years have focused particularly on various parts the insurance industry, and just such an initiative in New York recently resulted in a number of life insurance companies having to turn over more than $1.1 billion in unclaimed life insurance benefits.
Investigation uncovers $1.1 billion of unpaid life insurance benefits
The life insurance industry has largely been flagging in the years since the recession for a number of reasons. If a new bill before the U.S. Senate is passed, though, it might allow them to see a significant uptick in business in realms they were previously not allowed to explore.
New insurance bill put on hold
In May, lawmakers in the state of Minnesota became the latest group of legislators to officially adopt a version of the suitability in annuity transactions model put forth by the National Association of Insurance Commissioners in 2010. They did so without a need for the governor's signature.
Consumers need more education about life insurance options
Persistent, low interest rates have wreaked havoc on many life insurers' bottom lines in the last few years, but now that rates are starting to rise, that could create a different type of concern for these companies. As such, many may want to assess all of their investment options before making any major decisions.
Higher rates could pose problems for life insurers
Annuity issuers may now be looking for new ways to expand their books of business, and it could be wise to target the youngest generation of adults now, as the vast majority have no retirement savings opportunities available to them at the present time.
Millennials may present significant annuities market opportunity
There have been a number of regulatory changes to the entire insurance industry in the last few years as the government has moved to put tighter controls into place. That trend continued in June, as life insurers were required to carry far more collateral and liquidity.
Collateral needs on the rise for life insurance companies
Consumers have been reducing their reliance on life insurance policies significantly in the time since the end of the recession, but even repeated economic improvements over the last few years seem not to have served as much of a motivator for many to get back on the horse.
Life insurance applications start 2021 on the right foot
Life insurance companies have had a difficult time maintaining business in the past few years as a result of the economic downturn and many consumers turning away from these products because they viewed them as luxuries rather than necessities. Now, more trouble might be on the horizon, this time in the form of potentially massive regulatory changes.
Veterans could face difficulties getting life insurance
These days, many older Americans may be having financial difficulties as a result of the recent economic downturn and might therefore experience difficulties with regard to simply meeting their monthly costs. As a consequence, a number of states across the country are now trying to make it easier for them to find solutions to these problems by leaning on their life insurance policies.
States trying to increase life insurance options for older residents
With confidence in the economy improving, the demand for certain types of life insurance has increased. With the economy steadily improving, but interest rates remaining relatively low, the demand for indexed and variable Universal (UL) products is increasing. This has led to an overall increase in premium growth in the first quarter of 2013.
Veterans could face difficulties getting life insurance
Many companies are examining the ways in which they market and sell annuities these days because of decreasing consumer interest, in part due to low interest rates. It is for this reason that these companies may want to take a number of things into consideration when planning their next steps.
Where will annuities go in the coming year?
In the past, there were certain requirements that people over the age of 65 had to meet before they could qualify for annuities, but now, those mandates have been extended to consumers of all ages.
Florida broadens annuity requirements to consumers of all ages
Even as the economy continues to improve, it may be slightly more difficult for companies which issue annuities to make their products attractive to workers of all ages.
Annuity sales took a tumble in first quarter
In recent years, numerous studies have shown that Americans have significantly fallen behind with saving for their retirement. The financial fallout from the recent recession and the low interest rates that have prevailed have been contributing factors. Now, most realize the need to save; however, there is still a disconnect between recognizing this shortfall and acting upon that knowledge by re-starting a retirement savings program.
Survey finds most Americans are concerned about retirement, but aren't prepared for it
Though many income annuity issuers have seen only small upticks or even declines in business over the last several years, the ongoing economic recovery seems to be helping the industry considerably. In the final three months of last year, sales of these financial products reached an all-time high.
Income annuity sales climbed to record high in fourth quarter
Many baby boomers with average incomes rely on a number of tax incentives from the federal government as a means of increasing their retirement savings funds and setting themselves up for a happy and health post-career life.
Washington considering potentially harmful retirement incentive cuts?
In recent months, many life insurance issuers have likely noticed that the amount of business they're doing has taken a bit of a tumble, and that trend unfortunately continued into the month of February.
Life insurance applications start 2021 on the right foot
Millions of Americans are struggling to accumulate retirement savings to where they need to be to adequately prepare for their post-career lives. What most people don't realize is that this struggle extends even to affluent workers. As such, it might be wise for annuity issuers to connect with more affluent consumers to help them increase their retirement security while simultaneously generating more business.
Are richer Americans overlooking retirement needs?
The sequestration saga has weighed heavily on millions of Americans as well as several industries and government agencies for some time now.
Life insurers push for federal protections
While there may be many misconceptions out there about the ways in which the life insurance industry works, particularly among young people, it seems that many Americans under the age of 40 understand the value such policies can hold, meaning that it may be wise for insurers to do more to educate these prospective Millennial customers going forward.
Life insurance needs for single parents
While the life insurance and annuities industry has taken a bit of a hit since the start of the recession, there may be good news on the horizon for insurers.
Life insurance applications start 2021 on the right foot
In recent years, many insurance companies may have tried to maximize their profits in a number of ways - and this was particularly true of life insurance and annuity issuers who saw falling numbers of policyholders.
Consumer life insurance preferences vary by age
These days, millions of older workers are still feeling the financial pinch as a result of the recent national recession, and as such, many are now reconsidering their budgets as a means of boosting their retirement savings.
Many boomers might consider moving away from life insurance